The green light for establishment of foreign-invested vocational education institutions in Vietnam was switched on under the 2014 Law on Vocational Education (the Law). However, more than four years after the Law came into force, foreign investment in vocational education remains difficult due to lack of regulations specifying conditions on establishment of foreign-invested vocational training schools in Vietnam.

Science and technology enterprises will be soon provided with a raft of attractive tax, credit and land incentives, following a decree recently issued by the Government.

Vietnam will strive to increase its international rankings in terms of business environment and competitiveness in order to adapt itself to the new production system in the Fourth Industrial Revolution, according to a resolution adopted by the Government on the first day of 2019.

Since the National Assembly’s Resolution 42/2017/QH14 on the pilot settlement of bad debts of credit institutions was adopted on June 21, 2017, the bad debt settlement, particularly collateral foreclosure[1], by credit institutions and foreign bank branches in the country has seen some improvements. Aimed at addressing inadequacies of the precedent regulations on disposal of collaterals of bad debts, this Resolution itself contains some ambiguous points that need to be clarified.

The Strategy for development of the banking sector up to 2030 has been recently approved by the Prime Minister, setting forth major objectives for operations of the credit institution system as well as state management responsibilities of the State Bank. Below is an interview granted by Deputy Governor of the State Bank Nguyen Kim Anh to Thoi bao Ngan hang (Banking Times) about the Strategy.

Vietnam should have proper management policies on import and treatment of waste paper, according to a seminar held by The Vietnam Pulp and Paper Association (VPPA) and the Vietnam Chamber of Commerce and Industry (VCCI) on October 16 in Hanoi.

Guarantees are the most common type of personal security recognized by the general law of security. Security is notably used in the context of corporate financing. Civil Code No. 91/2015/QH13 dated November 24, 2015 contains various new rules on this security interest. This article is confined to an overview of guarantees from practice, dealing with suretyship guarantee which denotes a guarantee triggered by default on the part of the principal debtor, by way of contrast to (first) demand guarantee which denotes an independent undertaking to pay as widely used in international commerce.

The first half of 2018 saw great efforts of the Vietnamese Government in realizing its commitments to building market economy institutions in the country, especially removing legal hurdles for businesses. There have emerged some positive, significant “institutional reform” trends which are highlighted below.

Charges are the most commonly used security interest in secured lending in Vietnam. As the charged property remains in the hands of the chargor, there are risks facing the secured banks. To be able to efficiently enforce the charges at a later time, banks should anticipate and prevent those risks at the time of entering into the charge agreements.

Since its founding 22 years ago, Vietnam’s securities market has significantly grown and constantly improved its structure as an important capital raising channel of the economy, contributing to improving the market economy institution and promoting international integration.